What are the Features of the best Online Payment Gateways?

 

There are some features that the best online payment gateways have. These features help to ensure a good user experience and facilitate the entire checkout process. When reading this article, keep in mind that some of these qualities may not be possible with certain payment providers.

Security: Your website is only as secure as the payment provider you use. When choosing the best online payment gateways, know where your transactions are being processed. If you process the transactions on your server, it is up to you to keep your website secure. However, if you use a third-party service, they will handle the security for their side of things. It is good practice to have SSL certificates installed so that credit card numbers are encrypted prior to transmitting, but you must still choose a payment provider that is PCI compliant and uses SSL.

Fees: Payment providers can increase your profit margins by offering competitive fees, but they may also sacrifice the security of your transactions. You need to know what their fees are and how you can earn discounts if your volume is high enough. Keep in mind that there may be setup fees or monthly fees associated with using their services. Some of the best credit card processing companies offer no monthly fees or set up fees, but they usually have higher transaction costs.

Ease of Implementation: If you want to save time and money, ease of implementation is important. If it takes a long time for your website to be up and running with the payment gateway, this is an inconvenience for both you and your customers. You will need to make sure that you can easily import payment gateways into your shopping cart or payment solution. You should be able to do this quickly and easily so that you can test it out before deploying it on your website. The best virtual credit card terminals, for example, are designed with ease of implementation in mind. 

For more information, get in touch with Merchant Services Broker Solution at 888-912-6727 or email sales@msbrokersolutions.com.